Quick Read – Robinhood surged 6% and Coinbase gained 5% Thursday as a BTIG Buy initiation and Bitcoin’s 4% rise fueled a broad crypto-stock bounce. – Strategy, holding over 818,000 BTC, acts as a leveraged Bitcoin proxy but remains down 33% year to date despite today’s 8% jump….
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Robinhood’s (NASDAQ:HOOD) shares are up 6% to $115 and change in early trading Thursday, leading a broad bounce across cryptocurrency-linked equities. The rally follows a wave of bullish analyst initiations, reportedly including a new Buy rating from BTIG. Peers are joining the move.
Coinbase (NASDAQ:COIN) shares are up 5% to approximately $167.50, while Strategy (NASDAQ:MSTR) (formerly known as MicroStrategy) shares are up 8% to $100 and change. Bitcoin (CRYPTO:BTC) is trading near $61,800, up 4% over the past 24 hours. All three names trade as high-beta proxies for crypto sentiment, and today’s session marks a meaningful reset after weeks of pressure.